The Thanksgiving slowdown prevented me from posting the Federal Reserve's updated economic forecast. The Fed's Summary of Economic Projections are released once a quarter. They are attached to the minutes of four of the Committee’s FOMC meetings and are intended to convey information about FOMC...
The speech below was given by Federal Reserve Governor Elizabeth Duke yesterday. It is a fantastic knowledge base builder for any Fed watcher. Anyone who follows the movements of mortgage rates should be paying close attention to the communications of the Federal Reserve. I called attention to comments...
Credit appears to be slowly loosening according to the July Senior Loan Officer Opinion Survey on Bank Lending Practices conducted by the Federal Reserve. The change, however, is modest and concentrated on large banks lending in categories particularly affected by competitive pressures. The Fed defines...
Choppy trading conditions continue to expand the already spacious "rate sheet influential" MBS coupon trading range.... The FN 4.5 has traded as high as 102-03 and as low as 101-21. Currently the FN 4.5 is flat on the day at 101-30 yielding 4.278%. The 10yr note is however steady near the lowest...
Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Profits Booked Ahead of Bernanke. How Fed Rhetoric Can Affect Mortgage Rates If Ben's tight rope walk is balanced and the short-end of the yield curve rallies as a result, it sure would make it a heck of a lot easier for the... - MBS...
The mortgage market has given back a portion of recent appreciations--in both price and relative value (yield spread). Multiple lenders have re-priced for the worse...some recalls hit inboxes before the initial releases were even downloaded to xls workbooks. A lack of new loan supply and slow trading...
Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Checking on the Status of the MBS Market Without the Fed: Stage 1 Complete Stage 1 of the Fed's exit looks to be behind us with only minimal damage done. Rising mortgage rates have been more a function of higher benchmark... - MBS Commentary...
Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Fed's MBS Purchase Program: One Week To Go Before Remaining Funds Run Dry For the second to last time, the Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). Obviously everyone... -...
I have done this once before and got great feedback. Let me know if you found this recap useful. The Federal Open Market Committee (FOMC) met for a one day meeting on Tuesday. The FOMC is the branch of the Federal Reserve that dictates domestic monetary policy. The FOMC statement held no surprises, only...
Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories 10 Days Left in Fed's MBS Purchase Program. What is Potential for Extension? Don't expect an extension of the MBS program on April 1. If anything, the Fed will let the market function on its own and evaluate progress. If the... - MND...